Asia
Oil Fades After Short-Lived Rebound as Storm Francine Passes
Oil slipped after producers started bringing output back online after Storm Francine passed, though futures still headed for their first weekly gain in a month as the disruptions and risk-on sentiment in wider markets helped ease a previously oversold crude market.
Wall Street Sees Flaws in ‘Drill, Baby, Drill’ Trump Trade Logic
Donald Trump has a familiar refrain for how to fight inflation and stimulate the economy: “Drill, baby, drill!” But while the Republican presidential candidate’s fondness for the oil exploration has sparked previous rallies in energy stocks, Wall Street pros are largely avoiding this part of the “Trump trade.”
